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208 Winber Dr, Richmond Investment Report: Flip & Rental Analysis · Frontflip
7
Values Down 3.3%, Rent Hits $2,439
Updated 4 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property shows excellent rental potential, with estimated monthly income ranging from $2,254 to $2,670. The calculated yield of 17.38% suggests a strong opportunity to generate consistent cash flow in the current Richmond market. Investors can anticipate steady growth, with an estimated annual appreciation of $2,268. By leveraging these rental projections against current market demand, this home stands out as a high-performing asset for a reliable long-term portfolio.
More about this home
Neighborhood Assessment
208 Winber Dr sits in Swansboro West, Richmond's 23224 zip, where comps like 206 Winber Dr zestimate at $312K show solid demand for 3-bed homes around 1,900 sqft. But schools drag it down—Swansboro Elementary rates 3/10, George Wythe High just 1/10. Walkability's limited, no major developments popping up nearby, and it's pitched as a cash-only flip needing work, won't pass FHA. Neighborhood feels working-class, stable tax assessments around $200K, but low ratings and investor focus signal caution. Zestimate $260K vs $170K list hints upside if renovated right.
Market Activity
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Rental Income
$30K
Yield
17.4%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Updating your home is a powerful way to add lasting value. Renovated homes command a premium, jumping from roughly $184 to $219 per square foot—a healthy 19% increase that creates a more competitive market position. Fresh finishes unlock significant potential, raising the estimated sale range to $422,000–$467,000. These upgrades create a modern, move-in-ready appeal that attracts quality buyers and keeps your property ahead of the neighborhood baseline in long-term value.
Value Add
$69K
Appreciation
$6K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong BRR potential with a post-renovation value estimated between $422,000 and $467,000. Capitalizing on the significant $35 per square foot upgrade uplift effectively builds equity while modernizing the home for today's market. With projected monthly rental income of $2,439, the asset delivers a solid 6.6% yield. This performance, paired with steady market appreciation, creates a reliable foundation for long-term wealth building through the BRR strategy in this neighborhood.
Rental Income
$29K
Yield
6.6%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Estimated value
$170K
$174.9K below comp median
Comparative Market Analysis
$168K – $500K
~72 days to sell
Based on 8 comps